Canada

Canada approves world's largest copper-gold project

Frik Els | December 19, 2014
Canada approves world's largest copper-gold project

$9.5bn KSM project in British Columbia boasts reserves of 38m ounces of gold and nearly 10bn pounds of copper – mining 130,000 tonnes a day for 52 years.

UK legislators call for an end to forced labour in Eritrea mines

Cecilia Jamasmie | December 19, 2014
UK legislators call for an end to forced labour in Eritrea mines

According to the legislators, international mining companies —mainly from Australia, Canada and the U.K— are using the forced labour of Eritreans in their operations.

Trevali surges on polymetallic mine restart

Frik Els | December 18, 2014
Trevali surges on polymetallic mine restart

Vancouver-based junior jumps 8.5% after hitting targets for re-start of 100%-owned Caribou zinc-lead-copper-silver-gold mine in New Brunswick, Canada.

Barrick to halt Lumwana mine in Zambia after tax hike

Cecilia Jamasmie | December 18, 2014
Barrick halts Lumwana mine in Zambia after tax hike

The Canadian giant had earlier said it would consider such a move in the event the new tax regime was approbed.

EU spares Canadian oil sands the ‘dirty fuel’ label

Cecilia Jamasmie | December 17, 2014
EU spares Canadian oil sands the ‘dirty fuel’ label

The vote of the full plenary was prompted earlier this month when the EU's environment committee rejected a deal worked out after more than two years of lobbying by Canada.

Coeur Mining acquires Paramount Gold and Silver for $146 million

Cecilia Jamasmie | December 17, 2014
Coeur Mining acquires Paramount Gold and Silver for $146 million

As part of the agreement, Paramount will spin off its non-Mexican assets into a standalone publicly listed company— Paramount Nevada Gold Corp.

B.C. asks you to stuff stockings with local coal

Cecilia Jamasmie | December 16, 2014
B.C. ask you to stuff stockings with local coal

Coal, a major B.C. export, has been suffering from a global oversupply and falling prices. How is that for a reason to fill up your stockings with it? Hmm…

Minnesota dumps potash into lake to kill zebra mussels

Cecilia Jamasmie | December 16, 2014
Minnesota dumps potash into lake to kill zebra mussels

Zebra mussels reproduce quickly and can disrupt the food chain, clog water pipes and create algae.

Pacific Potash mining rights in Brazil jeopardized over unpaid tax

Cecilia Jamasmie | December 16, 2014
Pacific Potash mining rights in Brazil jeopardized over unpaid tax

The Vancouver-based miner said it did not receive the funds wired to pay the tax for "unknown reasons."

Deep-sea mining pioneer now hunts for resources in space

Cecilia Jamasmie | December 16, 2014
Deep-sea mining pioneer now hunts for resources in space

Julian Malnic, the founder of world's first deep-sea miner Nautilus Minerals has joined the board of Deep Space Industries.

Canadian First Nations arrive in Montreal after 850km march against uranium mining in Quebec

Cecilia Jamasmie | December 15, 2014
Canadian First Nations arrive in Montreal after 850km march against uranium mining in Quebec

Group delivers message to the province’s environmental protection watchdog on final day of hearings into uranium extraction and exploration.

Environmental review begins on HD Mining's coal mine

Business in Vancouver | December 15, 2014
New Zealand's Pike River coal mine to remain close

A joint environmental review is now underway for a controversial underground coal mine proposed for Tumbler Ridge

Canada's Strateco sues Quebec for $190M over blocking uranium project

Canadian Press | December 15, 2014

The Quebec mining company is seeking such compensation for the investments it made in a uranium project before the province blocked it last year from moving to the next stage.

Peter Schiff - Euro Pacific Capital

Black gold loses glitter

The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments.

BP-Husky new Canadian oil sands project begins operations

Cecilia Jamasmie | December 12, 2014
BP-Husky new Canadian oil sands project begin operations

The Sunrise Phase 1 oil sands project is expected to have initial capacity of 60,000 barrels per day.

Major miner 'Divesting' out of China – CEO explains Eldorado's move

Sprott's Thoughts | December 11, 2014
china dragon gold

It is planning to partially divest itself of its Chinese assets, placing them into a new company listed in China, and partially owned by new Chinese investors.

Fracking bans unjustified, says Fraser Institute

Business in Vancouver | December 11, 2014
Fracking

Hydraulic fracturing, or fracking, is not without its risks, but outright bans are unjustified: Fraser Institute

Miners in Guatemala to pay ten times more royalties

Cecilia Jamasmie | December 10, 2014
Miners in Guatemala to pay ten times more royalties

President Otto Perez Molina has approved a new rule passed by the Congress last week, which rises taxes to transnational miners operating in the country from 1% to 10%.

Confronting the potential extinction of a Canadian institution

CEO.CA | December 10, 2014
stock market mining prices

To a packed crowd in Vancouver yesterday, veteran junior resource analyst John Kaiser gave a presentation hosted by AME BC entitled, Confronting the Potential Extinction of a Canadian Institution.

Yamana Gold to group Brazil mines under new unit

Cecilia Jamasmie | December 10, 2014
Yamana Gold to group Brazil mines under new unit

The miner became the latest company to spin off non-core, underperforming assets.

Larger players account for 40% of global exploration budgets

SNL Metals & Mining | December 9, 2014
Low metal prices put chill on global mineral exploration

A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.

Obama’s ’Colbert’ show appearance no laughing matter for Canada’s oil patch

Canadian Press | December 9, 2014

In the Monday night episode of “The Colbert Report,” the joke was on Canada’s oil industry. That’s because the featured guest appeared to take a dig at the industry’s long-awaited, long-delayed Keystone XL pipeline project.

First Nation in B.C. sets out tougher rules for mining in its territory

CBC Ottawa | December 7, 2014

A group of First Nations from Williams Lake, B.C., whose territory includes the area devastated by the Mount Polley tailings pond breach has created a detailed mining policy that will apply to existing, proposed and future projects in its territory.

Canadian miners find 'pot of gold' in Ireland

Cecilia Jamasmie | December 5, 2014
Canadian miners find 'pot of gold' in Ireland

It was not at the end of any rainbow, but two Canadian firms did find their own pot of gold and are turning Northern Ireland in a new mining frontier.

Glencore's massive Canadian Donkin coal mine sold to U.S. firm

Cecilia Jamasmie | December 4, 2014
Glencore's massive Canadian Donkin coal mine sold to U.S. miner

News feeds long-standing hopes of a mine reopening and job generation in the impoverished area.

Canadian premiers say Energy East pipeline a 'nation-building' exercise

Cecilia Jamasmie | December 3, 2014
Canadian premiers say Energy East pipeline a 'nation-building' exercise

Ontario and Alberta agree the controversial $12bn Energy East pipeline is a “nation-building” exercise and said they'd work together on the issue.

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